HAVANA, February 14 (Juan Carlos Linares Balmaseda, Cuba Voz) –
Residents’ fears have been fed these last few days by growing rumors of an
impending change in the currency. They would like to know who is going to get
hurt and who will benefit if or when any changes are made.
The prevailing rumor has it that the current "convertible peso,"
scrip issued by the Cuban government that is supposed to be equivalent to the
dollar, will be the only currency allowed to circulate. At present, the dollar,
the convertible peso, and the national currency, the peso, circulate
concurrently, but they are not all alike. The peso is not accepted for many
transactions, including official ones such as getting a passport. The present
exchange rate is 22 pesos to the dollar.
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